{
  "url": "https://openlegislation.uk/eu-regulation-2015-1017/annex-II/division-2/division-b",
  "json_url": "https://openlegislation.uk/eu-regulation-2015-1017/annex-II/division-2/division-b.json",
  "legislation": "eur/2015/1017",
  "legislation_title": "Regulation (EU) 2015/1017 of the European Parliament and of the Council of 25 June 2015 on the European Fund for Strategic Investments, the European Investment Advisory Hub and the European Investment Project Portal and amending Regulations (EU) No 1291/2013 and (EU) No 1316/2013 — the European Fund for Strategic Investments",
  "legislation_url": "https://openlegislation.uk/eu-regulation-2015-1017",
  "path": "annex/II/division/2/division/b",
  "kind": "division",
  "number": "(b)",
  "heading": "The EU guarantee shall be granted to support, directly or indirectly, the financing of new operations. In the infrastructure field, greenfield investments (asset creation) should be encouraged. Brownfield investments (extension and modernisation of existing assets) may also be supported. As a rule, the EU guarantee shall not be granted for supporting refinancing operations (such as replacing existing loan agreements or other forms of financial support for projects which have already partially or fully materialised), except in exceptional and well-justified circumstances where it is demonstrated that such a transaction will enable a new investment of an amount at least equivalent to the amount of the transaction and that would fulfil the eligibility criteria and general objectives laid down in Article 6 and Article 9(2) respectively.",
  "text": "EFSI support to motorways shall be limited to private and/or public investment as concerns:\ntransport in cohesion countries, in less developed regions or in cross-border transport projects,\nupgrading, maintaining or improving road safety, development of intelligent transport systems’ (ITS) devices or guaranteeing the integrity and standards of existing motorways on the trans-European transport network, in particular safe parking areas, alternative clean fuels stations and electric charging systems,\ncontributing to the completion of the trans-European transport network by 2030.\nEFSI support shall also be explicitly possible for maintaining and upgrading existing transport infrastructure.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Inserted by Regulation (EU) 2017/2396 of the European Parliament and of the Council of 13 December 2017 amending Regulations (EU) No 1316/2013 and (EU) 2015/1017 as regards the extension of the duration of the European Fund for Strategic Investments as well as the introduction of technical enhancements for that Fund and the European Investment Advisory Hub."
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/eur/2015/1017/annex/II/division/2/division/b",
    "retrieved_at": "2026-11-01T14:46:37.078763+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}